|Location||Wuhan, Hubei Province China|
|Type||Existing facility refurbishment & build to suit under development|
|Asset Type||Distribution & Logistics Facility|
|Gross Floor Area||64,500m²|
|Expected Completion||January, 2019|
UI has acquired a second hand property in Wuhan, the capital of Hubei province. Wuhan is the most populous city in Central China with a 2015 population of 10.6 million people.
The site is located close to the city’s 4th Ring Road and G4 Expressway interchange which allows direct access to Wuhan downtown and Wuhan International Airport, which are 25 and 60 kilometers away, respectively.
The site has three existing warehouse facilities totaling 33,372 m2 and a vacant parcel of land of approximately 60,000 m2. UI has executed a 31,000m2 build to suit lease agreement with a logistics company and the new facility is currently under construction with completion scheduled for January 2019.